Mathematics

5 July, 12:56

Adam is taking out a $197,000 mortgage. His bank offers him an APR of 4.45%. He wants to compare monthly payments on a 15 - and 30 - year mortgage. What is the difference in the two monthly payments.

a) 509.68

b) 365.75

c) 402.58

d) 231.87

+3

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